| China’s capital market is growing rapidly now. Public companies will gain a lot of benefits, such as improve the image of the company and raise a lot of money, the shareholders personal property rising, etc. It makes a lot of IPO companies want to be listed, achieve the goal of the “Misappropriating". So in recent years, the IPO companies listed on fraud case, more and more public accounting firms and certified public accountants examples of lawsuit also become more and more. Many IPO companies change fast after to be listed, even in the issuance of the "break" phenomenon occurred on the first day. According to statistics, 349 listings in 2010, on the first day break 26, break at a rate of 7%; listing of new shares in 2011, 282, on the first day break 77, break at a rate of 27%; listing of new shares in 2012, 78, on the first day break 16, break at a rate of 21%. It is not hard to imagine that the first break of new shares of IPO companies listed on fraud.The article’s main part is divided into four parts. The first part is the analysis of the causes of IPO audit risk, combined with the characteristics IPO from external environment, and IPO in the view of certified public accountants audit risk analysis; The second part is the Suggestions of IPO audit risk prevention, respectively from the external environment, being audited and certified public accountants Angle are analyzed; The third part is through a comprehensive case to prove the validity of the above analysis results;The forth part is the conclusion of this article research are summarized.In short, China’s IPO audit risk is the result of joint action by many factors, generally divided into the external environment, audit subject and audit object from three aspects. And reduce IPO audit risk cannot only depend on the auditor, also need to note in the government, the association, the securities and futures commission and other regulators and IPO companies work together, to create a low risk of IPO audit market. |
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